Mao L., 29, resides in Battambong Province, Cambodia with his wife and three children. To make a living, he operates his motorbike as a taxi everywhere in the town, earning an income of US $3 per day, while his wife sells sugar cane juice, bringing total family income to US $5 per day, which covers the basic household expenses. Mao and his family are seeking to improve their standard of living, and so he is requesting a loan of US $1000 to replace his old motorbike, which is in need of frequent repairs, with a new one to improve his current business.
KREDIT Microfinance Institution Plc., is one of Kiva’s most established partners in Southeast Asia. The organization empowers the economically-active poor and small entrepreneurs by providing inclusive financial services. Beyond loans, KREDIT offers low-income clients complementary training in debt management, savings and budgeting. In addition, KREDIT partners with NGOs to offer training in primary health care, agricultural techniques and HIV/AIDS awareness.
For more information on KREDIT, please visit its partner page. If you would like to engage more with KREDIT and its borrowers, you can also join its lending team, KREDIT MFI Cambodia.